去年12月70城二手房价格均下跌

Core Viewpoint - The article discusses the current state of China's real estate market, highlighting a decrease in sales volume and value, but with a narrowing decline rate, indicating a potential stabilization in the market [3][4]. Group 1: Sales Performance - In 2025, the total sales area of new residential properties reached 88,101 million square meters, a decrease of 8.7% from the previous year, with residential sales area down by 9.2% [3]. - The sales revenue for new residential properties was 83,937 billion yuan, reflecting a decline of 12.6%, with residential sales revenue down by 13.0% [4]. - The sales area and revenue for new residential properties in 2024 were 97,385 million square meters and 96,750 billion yuan, respectively, both showing a year-on-year decline of 12.9% and 17.1% [4]. Group 2: Market Dynamics - The real estate market is transitioning from a phase of "housing shortage" to "basic balance," with sales volume not reaching the "1 billion" scale in recent years [3]. - The decline in sales area and revenue is attributed to strict control over new developments and an accelerated inventory reduction process [4]. - As of the end of 2025, the unsold housing inventory was 76,632 million square meters, an increase of 1.6% from the previous year, indicating ongoing inventory pressure [8]. Group 3: Price Trends - In December 2025, the new home prices in 70 major cities continued to decline, with a significant number of cities experiencing price drops [5][6]. - The average price of second-hand homes also saw a decline, although the rate of decrease in first-tier cities was narrowing [6][7]. - The trend of price stabilization is emerging, with more cities reporting flat prices, suggesting a phase of negotiation between buyers and sellers [5][9]. Group 4: Future Outlook - The article suggests that the policy direction of "controlling new supply, reducing inventory, and optimizing supply" will continue to shape the market in 2026 [8]. - There is an increasing trend of demand shifting towards second-hand homes and rentals, which is expected to help alleviate inventory pressure and stabilize prices [8][9]. - The active participation of first-time buyers and new citizens in the market is anticipated to drive transactions in both new and second-hand homes, contributing to market stability [9].